While suicides out of desperation had long been a tragic, if recurring, staple in depressionary Europe, so far popular anger had been directed at within, with few if any murderous outbursts targeted at other people, and certainly not at politicians (or financiers). This obviously has been a critical aspect of the current economic collapse in Europe - one needs but recall that it was a political assassination that sparked World War I in Sarajevo, and indirectly, via the Weimar collapse of Germany, set the stage for World War II, leading to the death of tens of millions around the globe. Today we came close. As the AP reports, during today's swearing in ceremony of Italy's new pseudo-technocrat yet anti-austerity government which has the blessings of Berlusconi, an "unemployed Italian gunman shot and seriously wounded two policemen Sunday in a square outside the premier's office in Rome, but he "wanted to shoot politicians," Rome prosecutor Pierfilippo Laviani said.

"Shots rang out in Chigi Square near a busy shopping and strolling area shortly after 11:30 a.m. just as Italy's new government -- Premier Enrico Letta and his new ministers -- were taking their oaths at the Quirinal presidential office, about a half-mile away. The suspected gunman, dressed in a dark business suit, was immediately grabbed by other police in the square, wrestled to the ground and taken away. Laviani, who later questioned the alleged assailant, said the man "wanted to shoot politicians, but given that he couldn't reach any, he shot the Carabinieri" police. Laviani added that the man "confessed everything," but didn't appear mentally unbalanced."

The shooting "was the tragic gesture of an unemployed man," Interior Minister Angelino Alfano also told reporters after briefing Letta and his new Cabinet about the attack.

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Alfano said the alleged gunman -- 49-year-old Luigi Preiti -- wanted to kill himself after the shooting but ran out of bullets. He said six shots were fired.

Italian media reports said the assailant was from southern Calabria and had lived for several years in northern Italy before moving back to Calabria after his marriage fell apart.

Sky TG24 TV quoted the man's brother as saying the alleged attacker had lost his job in a construction firm and was upset over marital problems.

This time only innocent policemen were shot. What about next time? Surely the socio-economic situation of the assailant is not in any way unique in Italy or any other depressionary European countries, of which there are many. And it doesn't take much for any one person, hope crushed and money gone, to go so far beyond the metaphorical ledge, that they are willing to die but not before taking some politicians with them.

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A woman passing by during the shooting was also slightly injured, Rome's mayor said. It was unclear if she was grazed by a bullet or hurt in the panic sparked by the gunfire.

It was not immediately clear if the shooting outside the Chigi Palace, which houses the premier's office and other government offices, was timed to coincide with the swearing-in ceremony. But tensions have been running high in Italy following inconclusive elections in February that left the country mired in political deadlock amid a deep recession.

The 46-year-old Letta nailed down a coalition deal only a day ago between two bitter political enemies -- his center-left forces and the conservative bloc of ex-Premier Silvio Berlusconi.

Reporters inside the Chigi Palace press office heard the shots and raced outside. An AP television producer saw the two wounded Carabinieri officers in the square outside the palace. One of them lay on the pavement with blood pouring out of his neck.

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Security was immediately stepped up near key venues in the Italian capital, but Alfano said authorities were not worried about related attacks.

"The general situation of public order is not causing any worry," he said. "Our initial investigation indicates the incident is due to an isolated gesture, although further investigations are being carried out."

Doctors at Rome's Umberto I Polyclinic said the more seriously injured of the two police officers was a 50-year-old brigadier. They told reporters that a bullet had entered the right side of the officer's neck, damaged his spinal column and was lodged near his shoulder.

The doctors said it wasn't yet known if the spinal column injury had caused any paralysis.

The other victim was a 30-year-old officer who was shot in the leg and had suffered a fracture, hospital officials said.

Preiti was taken to another Rome hospital. News reports said a protective collar was seen around the man's neck.

An aide to Foreign Minister Emma Bonino told reporters at the presidential palace that the new Cabinet members were kept briefly inside for security reasons until it was clear there was no immediate danger.

The new Cabinet ministers were seen smiling in a group photo as news of the shooting broke and it was apparent they weren't immediately aware of the attack.

"The news arrived after the swearing-in," said Dario Franceschini, one of the new ministers. `'Premier Letta is following the situation."

Metal fencing closes off Chigi Square, which flanks Via del Corso, one of Rome's most popular streets with strollers. The public can cross the square by showing identification, and sometimes people can cross it without being stopped. It was unclear if the assailant had asked permission to enter the square.

Rome was jammed Sunday with tourists and residents enjoying a warm sunny morning on the last day of a four-day weekend.

All of this goes back to the bigger picture: for now the myth of the solvent welfare state, both in Europe and the US, has been successful at keeping the broader population within acceptable limits of docility, with only occasional bursts of murderous rage, either accompanied by terrorist intentions or not. Yet as every passing day demonstrates to the public that just like the stock market and the global economy, so too the welfare net is one big ponzi which is just as insolvent as every other aspect of the "developed" west, how long before political assassination attempts either in Rome, or everywhere else where a demoralized public just sees no other way out, become the norm?

And how many policemen will be taken down as they protect a regime which has no other mathematical option but to fail?

Finally, as noted earlier, it was a political assassination that set off the WWI dominoes some 100 years ago.

Will this time not be any different either as history once again repeats itself?